MA H2597

Bill

Relative to the divestment of state pension funds from nuclear weapons

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to the divestment of state pension funds from nuclear weapons. Public Service.

AI Summary

This bill seeks to require the Massachusetts Pension Reserves Investment Management (PRIM) Board to divest the state's pension funds from any companies that are considered "nuclear weapon producers." The bill defines key terms such as "nuclear weapon" and "nuclear weapon producer," and requires the PRIM Board to identify and divest from such companies within 12 months of the bill's enactment. The bill also provides exceptions and reporting requirements to ensure transparency around the divestment process. Overall, the bill aims to align the state's pension investments with its policy of not supporting the nuclear weapons industry.

Committee Categories

Labor and Employment

Sponsors (11)

Mike Connolly (D)*, Carol Doherty (D), Michelle DuBois (D), Natalie Higgins (D), Patrick Kearney (D), David LeBoeuf (D), Jack Lewis (D), Patrick O'Connor (R), Lindsay Sabadosa (D), Erika Uyterhoeven (D), Tommy Vitolo (D),

Last Action

Accompanied a study order, see H5206 (on 09/12/2022)

Official Document

https://malegislature.gov/Bills/192/H2597

(6 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/H2597
Bill	https://malegislature.gov/Bills/192/H2597.pdf

Bill	Bill Name	Last Action	Type
H3688	Resolve providing for an investigation and study by a special commission relative to the existential threat posed by nuclear weapons to the commonwealth of Massachusetts	No further action taken	Similar To
H5206	Study Order	No further action taken	Replaced by
S1555	Resolve providing for an investigation and study by a special commission relative to the existential threat posed by nuclear weapons to the commonwealth of Massachusetts	Resolve reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1703	Relative to the divestment of state pension funds from nuclear weapons	Accompanied a study order, see S2679	Similar To
S1735	Relative to pension divestment from companies selling weapons to the Kingdom of Saudi Arabia	Accompanied a study order, see S2679	Similar To
S722	Authorizing independent retirement boards to divest from fossil fuel companies	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To

Bill > H2597

MA H2597

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (11)

Last Action

Official Document

bill text

bill summary

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